Ten-X is a technology-driven real estate marketplace known for simplifying commercial property transactions for buyers, sellers, and investors. Over the years, it has built a strong reputation for digitizing what has traditionally been a manual, broker-heavy workflow. Through its online platform, users can browse investment opportunities, conduct due diligence, place bids, and close deals with improved transparency and efficiency.
What Is Ten-X and What Does It Do?
Ten-X, founded in 2007 by Jeff Frieden in Irvine, California, is a U.S.-based digital marketplace for commercial real estate transactions. The company enables users to discover, list, evaluate, and purchase commercial properties entirely online.
It operates a technology-driven platform that streamlines buying and selling through verified listings, real-time bidding, auction workflows, and investor tools tailored for brokers and institutions. Ten-X employs between 1,001-5,000 people, and its marketplace integrates data, due diligence, secure bidding, and closing support to create transparency and speed in CRE transactions.
Ten-X’s solution is widely used by property owners, lenders, institutional investors, brokers, and financial institutions seeking to execute commercial property deals with better efficiency, accuracy, and reach.
How Much Funding Has Ten-X Raised?
1. Series C
- Amount Raised: $50M
- Date: March 2014
- Lead Investors: CapitalG
- Motivation: To scale Ten-X’s marketplace, expand data capabilities, and strengthen national real estate coverage.
2. Conventional Debt
- Amount Raised: $200M
- Date: May 2015
- Motivation: To fund growth, enhance marketplace infrastructure, and support transaction volume expansion.
Total Funding Raised: $50 Million
Latest Funding Date: May 2015
Key Investors
1. CapitalG
- Details: Alphabet’s growth fund investing in high-potential, late-stage technology companies.
- Investment Focus Areas: Marketplaces, fintech, AI, enterprise tech.
- Notable Investments: Stripe, Airbnb, Robinhood, Duolingo, Credit Karma.
2. Stone Point Capital
- Details: A private equity firm focused on financial services and real estate operating companies.
- Investment Focus Areas: Real estate tech, insurance, asset management, specialty finance.
- Notable Investments: CoreLogic, Ascensus, Allworth Financial, Rialto Capital, Amherst Holdings.
Where Is Ten-X’s Headquarters?
Ten-X is headquartered in Irvine, California, a major hub for real estate, finance, and technology companies. The region’s ecosystem supports access to CRE professionals, institutional investors, and partnerships that fuel growth in digital property marketplaces.
What’s Next for Ten-X?
Ten-X is focused on deepening its technology capabilities by enhancing analytics, improving transaction predictability, and enabling seamless digital closings. The company aims to expand its marketplace footprint across more asset classes while strengthening relationships with brokers, institutional sellers, and financial institutions. As commercial real estate continues shifting toward digital solutions, Ten-X is well-positioned to scale its platform, increase transaction volume, and shape the future of online CRE dealmaking.
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